Property Cat再保险市场发展状况.pdf

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1、Antitrust Notice The Casualty Actuarial Society is committed to adhering strictly to the letter and spirit of the antitrust laws.Seminars conducted under the auspices of the CAS are designed solely to provide a forum for the expression of various points of view on topics described in the programs or

2、 agendas for such meetings.Under no circumstances shall CAS seminars be used as a means for competing companies or firms to reach any understanding expressed or implied that restricts competition or in any way impairs the ability of members to exercise independent business judgment regarding matters

3、 affecting competition.It is the responsibility of all seminar participants to be aware of antitrust regulations,to prevent any written or verbal discussions that appear to violate these laws,and to adhere in every respect to the CAS antitrust compliance policy.3Intro/2022 year in reviewIntro/2022 y

4、ear in reviewHurricane Ian Impact on 2023 Property Cat MarketHurricane Ian Impact on 2023 Property Cat MarketModeled v PCS v Actual why doesnt it track?$0$10$20$30$40$50$60$70$80RMSVeriskCoreLogicKatRiskKCCHurricane Ian Modeled Loss Estimates$63bn$30-$63bn$31-$53bn$42-$57bn$53-$74bnEstimated Losses(

5、USD bn)PCI estimate April 23 A includes NFIP Whether a disruptor or final contributor to market stresses,this event shifted the Property Cat marketNote:Losses are inflation-adjusted to 2022 price levels;Covid-19 losses is the average of industry estimatesSecondary PerilsSecondary PerilsIncreased fre

6、quency of billion dollar US SCS eventsTotal costs for the last five years($113 billion)is nearlyone-third of the$383 billion SCS disaster cost total of the last 43-years(1980-2022)Five year average$23B6Supply&DemandSupply&DemandAon Property Cost Index Annual InflationFor Residential,Non-Residential,